Stat 315 - Homework 4 - Solution Due Monday June 15, 2009

5.5. a) average price: 1.690385 Basic Statistics from Raw Data

Measures of Central tendency Mean 1.6903846 Measures of Dispersion If the data is of a Sample Population Variance 0.00545185 0.00524216 St. Dev. 0.07383662 0.07240276 Median 1.69

Gas Prices

Mode

1.69

Range I R

0.23 0.115

b) Assuming a normal distribution N(1.6 ! 0.0 )! "(#$ 1.69039) % 0.33&3

Mean 1.64 Stdev 0.12

! 1.69039

P"#$!% 0.3373

5'(0 "(X $ 3.6) % " Z 3.6 3. % "(* $ 1.333) % 0.091( 1.5 ) 100 Sampling Distri&ution of Sample Mean
Population Distri&ution Mean Stdev 3.4 1.5

Sample Si'e n 100

Sampling Distri&ution of #(&ar

Mean 3.4

Stdev 0.15

! 3.6

P"#$!% 0.0912

5'(6.

n % 16 % 1.5

%(

0 1.5 "( X $ 0) % " Z> % "(Z $ '3) % .5 + . 98& % 0.998& ( ) 16

Sampling Distri&ution of Sample Mean

Population Distri&ution Mean Stdev 1.5 2 Sample Si'e n 16
Sampling Distri&ution of #(&ar

Mean 1.5

Stdev 0.5

! 0

P"#$!% 0.9987

5.(&.

p % 1)& % "(Z - 1.6 8) % 0.5 0. 503 % (1 ) &)(6 ) &) ) 180 .10 .1 3

, - .10) % " Z < "( P

0.0 9&! a lo. probabilit/. 01e sample si2e! along .it1 np and n(1 3 p)! are large enoug1 1ere t1at t1e sample distribution (over all t1e di44erent samples o4 180 people in t1e population) o4 t1e proportion o4 people .1o get 1ospitali2ed during t1e /ear is going to be prett/ close to normal. 01ere4ore! an/ one suc1 sample proportion .ill be close to t1e predicted mean 1)& .it1 reasonable probabilit/! and 1)10 is 4ar enoug1 a.a/ 4rom t1at mean given our estimated sample standard deviation t1at t1e probabilit/ o4 4alling even 4art1er a.a/ t1an t1at 4rom t1e mean is small.

5'3 .

5epends also on e44icienc/ and ot1er 4actors. 6it1 respect to t1e bias: A 1as bias % 1)n 7 1as bias % 0.01 A is better t1an 7 .1en 1)n - 0.01! t1at is! .1en n $ 1)0.01 % 100

, ! S ( are unbiased. S is t1e s8uare root o4 an unbiased estimator o4 5.6 . X ! P it is not unbiased. "roo4: Assume 9(S) % t1en: (9(S))( %
(

! t1us

and: 9(S () 3 (9(S))( % ( ( % 0 (since 9(S () % ( ). 7ut 9(: () 3 (9(:))( % ;(:) ;(:) % 0 means t1at S is not a statistical estimator. 01e contradiction establis1es t1e proposition t1at S is biased.

5'&5

(<se template: :ampling 5istribution.=ls! s1eet: p'1at) n % 00 p % 0.06 Sampling Distri&ution of Sample Proportion
Population Proportion p 0.06 Sample Si'e n 400 Sampling Distri&ution of P(hat Mean Stdev 0.06 0.01187

"("'1at - 0.05) % 0.1999

P")!% 0.1999 ! 0.05

5'&&

(<se template: :ampling 5istribution.=ls! s1eet: ='bar)

> % &50.

? % 1.(

n % 50

Sampling Distri&ution of Sample Mean

Population Distri&ution Mean Stdev 750.4 1.2 Sample Si'e n 50 Sampling Distri&ution of #(&ar Mean Stdev 750.4 0.16971

"(& 9.5 < # < &50.5) = 0.&(((

!* 749.5 P"!*)#)!+% 0.7222 !+ 750.5